Computer software is a general term used to describe a collection of computer programs, procedures and documentation that perform some tasks on a computer system. Software is considered personal property and may be assigned.
Kansas Assignment of Software
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Assignable Licenses means all Licenses of Seller that can be assigned to Purchaser as a part of the Transactions. Assignable Licenses means those Licenses that may be assigned to Buyers without the licensee s consent or for which such consent has been obtained.
The key difference between a license and an assignment is that an assignment transfers rights away from the original copyright or patent holder. Whereas the licensor retains ownership of the intellectual property rights, the assignor gives up the rights entirely.
A transferable license versus a non-transferable license: A transferable license allows the licensee to transfer their rights to use the licensed material to another party while a non-transferable license prohibits the licensee from doing so.
In particular, a licensee's rights are generally not assignable unless the license agreement expressly permits assignment or the licensor otherwise consents.
How does an exclusive license differ from an assignment? While both exclusive intellectual property licenses and intellectual property assignment agreements give exclusive exercise of that right to another person in exchange for monetary compensation, an exclusive license is much more limited than an assignment.